Ethereum should outperform Bitcoin, at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cointelegraph.
Alt szn is on us
In this phase of Bitcoin’s price consolidation, Melker sees a particularly positive development for the second largest cryptocurrency, which recently hit new highs. Melker sees Ether’s outstanding performance as the main catalyst for the recent bull run in the altcoin market.
He also announced that in recent months he has largely switched his dollar cost averaging strategy from Bitcoin to Ether in order to capitalize on Ethereum’s “enormous upside potential”.
“For me, it’s like investing in the Internet in the early 1990s,” said Melker.
According to Melker, Etherum could reach its target price of USD 10,000 by the end of 2021.
“I don’t understand why this is crazy. It’s basically five X’s from here. […] Bitcoin did this almost three times last year. “
To find out more about Melker’s outlook on Ether, XRP and other large-cap altcoins, check out the full interview on our YouTube channel and don’t forget to sign up!